China-Made EVs Hit With Additional EU Tariffs

Tariffs of up to 37.6 percent on Chinese-manufactured electric vehicles go into effect July 5, initially for four months, but that could be extended into years.

A BYD 07 EV model electric car is displayed at the Beijing Auto Show in China on April 25, 2024. Pedro Pardo/AFP via Getty Images

Brussels announced on July 4 that companies that manufacture electric vehicles (EV) in China will be subjected to additional tariffs when their products are exported into the European Union market.

Tariffs of up to 37.6 percent on China-manufactured EVs were imposed by all member states starting July 5. The decision is binding and will initially apply for four months, after which it may be extended for years.